The 5595th sale, just reportedly completed: The entire building at 324 Sai Yeung Choi Street North, Prince Edward, in Lin Shan Court, is rumored to have sold for approximately HK$65 million. The total gross floor area is approximately 8823 sq ft. The ground floor shops are rented to 2 Soon Cafe, the 1st and 2nd floor offices, and the 3rd to 14th floors are student accommodation. The total rent is approximately HK$245,000 per month, yielding a 4.5% return. The price per sq ft is HK$7367.
The original owner of this entire building on Sai Yeung Choi Street North purchased the ground floor to 2nd floor for HK$61.8 million and the 3rd to 14th floors for HK$12 million in January 2015, for a total purchase cost of HK$73.8 million. The recent sale is rumored to be for HK$65 million.
This building is near the Mong Kok Police Station, so the ground floor shops are likely quiet, but the cafe tenants are attractive young men. The upstairs residential units are valuable, with one unit per floor, but unfortunately, the usable area is very small, possibly less than half.
Rating Criteria: 5 points for market value, 10 points for excellent value, 1 point for caution. High-scoring shops require P-R-O (Prospect, Rental Value, Options, and Affordable Price)! Note: The rating is only a superficial assessment. The actual value of the shop is greatly influenced by factors such as utilities (fire, water, electricity, gas), lease details, ownership integrity, and potential future additions. The rating is for general reference only.
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For information on Lee Ken Hing’s private shops, join link:
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Updating information on shops for sale in Sheng Hui in June 2026:
The following properties offer high returns:
(1) Shops 1, 10, 11, 12 & 13, Princess Building, King’s Road, Fortress Hill – Miss Ice Room
HKD 65 million, now HKD 42.5 million, 4.8% return
(2) Ground floor & mezzanine, 20-24 Ma Sha Street, Sheung Wan – Reveri
HKD 38 million, now HKD 33.9 million, 4.6% return
(3) Ground floor & mezzanine, 108 Fa Yuen Street, Mong Kok – Yin Jin Dim Sum
HKD 33 million, now HKD 22.9 million, 4.6% return
(4) 16 Dyeing Fong Street, Mong Kok – The Madhouse
HKD 28 million, now HKD 20.8 million 4.6% return
(5) Shop No. 3 and mezzanine of Kam Fai Road, Yuen Long – Egg Waffle Snacks
HKD 11 million Now for sale HKD 9.1 million 4.6% return
Other prime shops for sale:
(6) Shop D, G/F, Po Ming Building, 96-106 Percival Street, Causeway Bay
HKD 38 million Now for sale HKD 35 million
(7) Shop G/F and stairwell of 153 Sai Yee Street, Mong Kok
HKD 45 million Now for sale HKD 35 million
(8) Shop B/F 4, Kai Fung Building, 10 Soi Hang Street, Sheung Wan
HKD 21 million Now for sale HKD 17 million
(9) Shop C, G/F, 111-121 Sai Yee Street, Mong Kok
HKD 28 million Now for sale HKD 22 million
(10) Shop M, Yun Tung Building, 65-75 Luther Road, Tsuen Wan
HKD 24 million Listing for sale at 20.4 million.
Valid until June 30, 2026.
Detailed listing plan and photos:
Contact me (Lee Gen Hing 90361143) or my colleagues:
Desmond Chan 9660 2253 / Vivian Lee 9311 9274 / Marc Kwok 6092 6444 (Head)
www.bwfund.com
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